News (NASDAQ:NWS) Sees Unusually-High Trading Volume – Here’s Why

News Co. (NASDAQ:NWS) saw unusually-high trading volume on Monday . Approximately 1,046,752 shares traded hands during trading, an increase of 43% from the previous session’s volume of 733,296 shares.The stock last traded at $29.96 and had previously closed at $29.66.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research report on Friday, January 31st.

News Price Performance

The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 41.48 and a beta of 1.37. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $32.01 and a 200-day moving average of $30.65.

News (NASDAQ:NWS) last issued its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a net margin of 4.22% and a return on equity of 5.31%. On average, equities research analysts predict that News Co. will post 1.03 EPS for the current fiscal year.

News Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 0.6%. News’s dividend payout ratio (DPR) is 27.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of News by 362.3% during the 3rd quarter. FMR LLC now owns 94,940 shares of the company’s stock worth $2,654,000 after acquiring an additional 74,405 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in News by 11.6% in the third quarter. BNP Paribas Financial Markets now owns 250,582 shares of the company’s stock valued at $7,004,000 after purchasing an additional 26,044 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of News by 27.7% in the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after buying an additional 763 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of News by 27.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,773 shares of the company’s stock worth $5,584,000 after buying an additional 43,107 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in News during the 3rd quarter valued at about $865,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.